08:44 AM EDT, 07/14/2025 (MT Newswires) -- Galway Metals ( GAYMF ) late on Friday said it will make the final of six payments to complete the buybak of a two percent net smelter returns royalty from an arm's length third party for some mineral claims at the company's Clarence Stream property in New Brunswick.

Galway will pay $125,000 in cash and issue shares worth $375,000. The company's share price closed on Friday at $0.385.

The 2020 agreement had Galway paying $3 million in six equal annual instalments of $500,000. Galway made the first partial payment on closing in 2020 through the issuance of 434,783 shares to the third party royalty holder at a deemed price equal to $1.15 per share for a total deemed price of $500,000. Each subsequent $500,000 partial payment was to be paid as $125,000 in cash with the final $375,000 either in cash, shares or a combination of both.